What was the net impact on Jensen Companys 2016 income as a result of this fair value

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What was the net impact on Jensen Company’s 2016 income as a result of this fair value hedge of a firm commitment?

a. $–0–.

b. $1,319.70 decrease in income.

c. $77,980.30 increase in income.

d. $78,680.30 increase in income.

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Fundamentals of Advanced Accounting

ISBN: 978-0077862237

6th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Question Posted: Jan 08, 2015 08:06 AM

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What was the net impact on Jensen Companys 2016 income as a result of this fair value

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D The easiest way to solve problems 15 and 16 is to prepare journal entries for the option fair valu...View the full answer

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